Indofood Agri Resources Ltd. (shortened as IndoAgri) is an investment holding company and a subsidiary of . Through

Anthoni Salim Anthoni Salim, born Liem Hong Sien (; born 25 October 1949), is an Indonesian businessman and investor. He is the head of the conglomerate Salim Group and the chairman of First Pacific, a Hong Kong–based investment management firm. Early lif ...

First Pacific First Pacific Company Limited () is a Hong Kong–based investment management and holding company with operations located in Asia. It involves telecommunications, consumer food products and infrastructure. Businesses Indonesia: * Indofood Suk ...

and

Indofood Indofood is an Indonesian producer of various pharmaceuticals and drinks, headquartered in Jakarta. The company was established on 14 August 1990 as PT Panganjaya Intikusuma, then later on 5 February 1994 its name was changed to Indofood Sukses M ...

, he owns 74% of the company's voting rights. The company is listed on

Singapore Exchange Singapore Exchange Limited (SGX Group) is a Singapore-based exchange conglomerate, operating Equity (finance), equity, fixed income, currency and commodity markets. It provides a range of listing, trading, clearing, settlement, depository and ...

(ticker: 5JS) and the

Frankfurt Stock Exchange The Frankfurt Stock Exchange (, former German name: , ''FWB'') is the world's 3rd oldest and 12th largest stock exchange by market capitalization. It has operations from 8:00 am to 10:00 pm ( German time). Organisation Located in Frankfurt, ...

(ticker: ZVF).

Operations

IndoAgri operates in

Indonesia Indonesia, officially the Republic of Indonesia, is a country in Southeast Asia and Oceania, between the Indian Ocean, Indian and Pacific Ocean, Pacific oceans. Comprising over List of islands of Indonesia, 17,000 islands, including Sumatra, ...

Brazil Brazil, officially the Federative Republic of Brazil, is the largest country in South America. It is the world's List of countries and dependencies by area, fifth-largest country by area and the List of countries and dependencies by population ...

and the

Philippines The Philippines, officially the Republic of the Philippines, is an Archipelagic state, archipelagic country in Southeast Asia. Located in the western Pacific Ocean, it consists of List of islands of the Philippines, 7,641 islands, with a tot ...

Controversy

In 2019, IndoAgri quit its membership from the

Roundtable on Sustainable Palm Oil The Roundtable on Sustainable Palm Oil (RSPO) was established in 2004 with the objective of promoting the growth and use of sustainable palm oil products through global standards and multistakeholder governance. The seat of the association is ...

after it had struggled with the RSPO complaints. According to Chain Reaction Research, 42% of IndoAgri's landbank is contested, community conflicts are happening on several plantations have and some land is within protected nature area.

References

{{Reflist Companies listed on the Singapore Exchange Palm oil production in Indonesia Agriculture companies of Singapore Agriculture companies established in 2001